NHOA announced, as anticipated with the Trading Update published on January 2, the signature of an EPC contract (and associated long term O&M contract) to NHOA Energy, in consortium with Elecnor to supply 200MW/400MWh Blyth Battery storage project in South Australia with Neoen, one of the world's leading independent producers of exclusively renewable energy. The system will mainly be deployed to firm the production of Neoen's Goyder South Stage 1 wind farm and deliver a 70MW renewable-energy baseload supply to BHP, a natural resources company. The asset will ultimately be equipped with grid-forming inverter technology, allowing it to provide essential system stability services traditionally provided by gas and coal power plants.

NHOA Energy will be the battery storage specialist in the consortium, while Elecnor will act as balance-of-plant contractor. The execution of the Blyth Battery will start immediately and the project is expected to be operational in 2025. The Blyth Battery is NHOA Energy's second world-class project in Australia, after the 200MWh Kwinana Battery Energy Storage System in Western Australia, affirming NHOA Energy, through its Perth-based Australian platform, as a key player in one of the most important storage markets globally.